zinc chemical market report Global Zinc Chemicals market research report: product type

Among the various product segments in Zinc chemicals market, the zinc sulfate segment is the leading and is anticipated to continue its dominance over the forecast period. Zinc sulfate is extensively used in applications such as agricultural sprays, fertilizers, consumer goods and animal feed. The growing demand of zinc sulfate as a fertilizer additive to prevent deficiency in crops mostly from the agriculture driven economies of Asia Pacific is further adding to the market growth. Moreover, the anti-inflammatory and wound healing properties of zinc sulfate finds wide application in the treatment of various skin diseases. In addition, it is also used as mordant in dyeing, as electrolyte in zinc plating and preservatives for leather and skin. Among the application segment, rubber compounding is the dominant segment and is expected to retain its dominance and grow at an encouraging CAGR. The growing demand for rubber and plastic products from the automotive, electrical and electronics and footwear industries is the major factor significantly contributing to the growth of the market. Moreover, the growing demand for conveyer belts, rubber shoes, radial tires, latex gloves and others is also expected to surge the growth of the segment